MK Land records higher pre-tax profit of RM6.019 million in 2Q

KUALA LUMPUR: MK Land Holdings Bhd posted a higher pre-tax profit of RM6.019 million for the second quarter ended Dec 31, 2010 from RM3.454 million in the same quarter of 2009.

Its revenue increased to RM66.067 million compared with RM48.448 million previously. For the first six months ended Dec 31, 2010, MK Land recorded a higher pre-tax profit of RM11.631 million compared with RM4.791 million in the corresponding period 2009.

The company's revenue, however, declined to RM127.845 million from RM129.257
million previously.

MK Land expects an improving economic climate and a resilient property market to be the key drivers for its sales growth going forward.

The company anticipates a better financial performance for the financial year ending June 30, 2011. --Bernama

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.